Jump to content

onlythetruthmatters

Member
  • Posts

    72
  • Joined

  • Last visited

Everything posted by onlythetruthmatters

  1. 4. Bigger percentage ? I don't think so. If you want to talk numbers, you need to be precise otherwise the conversation isn't worth much. What does your chart include only Income tax....does it include unemployment insurance deductions, pension deductions, the annual deficit (money borrowed on our behalf) Then thats only one branch of government we also have provincial taxes and property taxes...also percentage of government is all government and their borrowings too. The federal government was 20% of the economy in 2019 ....This is revenues plus 2019 borrowing.
  2. Rich people pay a lot of Tax here in Canada.....Its a myth that they don't......Politicians are always pointing their finger in other directions. The rich are very mobile and government has to be very careful about how much they tax them.....There has been a lot of chatter that the Feds are looking at the principal residence which is a big captured tax base to make up revenue shortfalls.....They need a big number and the homeowner is a big enough to put them in the black temporarily. Lets not forget you could have 2 residences back in the 80's.......Government is becoming a bigger percentage of the economy almost every year.....Soon we will go to work and our whole cheques will go to them if they have their way.....
  3. Its kinda useless to talk about Canada china relations....Canada will just follow what the US does......If Trump wins the election which is looking more likely by the day to me... decoupling with China will continue.....China does not honour contracts....They have consistently lied to all US presidents for at least 20 years. They have not honoured the Hong Kong contract. They promised not to militarize the south China sea. In the end china's greediness on the Trade front could end up hurting them badly...They probably hold too much US denominated debt and if the US dollar devalues their holding will devalue its like making a bad investment.....They should have diversified better...... The Us dollar has been weakening lately...time will tell if this is a blip or a trend.......Get ready for a very volatile financial world
  4. our immigration refugee system is so overloaded..... There is always delays and and lineups when things are free!!!!!
  5. Sounds weird to me.....people escaping the US to Canada........Probably easier to live by not working here in Canada......But as far as i know unemployment is like 20% right now in Canada. So how they going to support themselves ?
  6. Trump means freedom. Biden means communist tyranny. Believe it or not. Just saying..........Agree Trump has done more and done it quicker in 4 years then many could accomplish......And he basically has the whole world against him...there are some evil forces....There is something wrong when many voted for Trump and couldn't admit it 4 years ago......If you Vote Trump you get Trump.....If you vote Biden you get a Puppet on a string...and who controls the puppet. Very weird that Biden is even an option many believe he might not make it 4 years and who would lead but that compulsive liar he choose as vice president....The Democrats are a very scary party!!!!!!!!
  7. My theory is that peoples sub conscience is very smart.....The hoarding of toilet paper has nothing to do with the Virus it has to do with the Economic reset we will have to go through. In the Back of our brains we can see whats going on.....On a day to day bases over say the last 10 years.....look at all the expensive cars on the road, house prices through the roof. A cop standing guard at a road construction site making $100/ hr while the sweaty workers make $40. All the money made on Wall street by people smart enough to bet against government policy while Main street has no idea how too....and whose work is just as valuable but being unknowingly depreciated. Therefor Toilet paper hoarding..........What connects us all currency....The shits going to hit the fan!!!!....
  8. The Virus is just a small part of where we are headed....The big picture is all the debt. lets talk about government debt...the people in power believe or want us to think they believe (all the while they are stealing some of the money) that they can print money, borrow money, set interest rates below inflation with no out plan. Basically this all leads to us living above our means currently which means we have to live below our means in the future. The scary part is they have no out plan in this manipulation of economics there is no way possible that you can reward borrowers and punish savers forever. So basically we are stuck at 0% interest rates...while they borrow large amounts of money for as long as possible ....it was a big mistake to get rid of the gold standard as this kept government borrowing in check. All the work converted into savings that anyone has done in the past is being absorbed by Government spending borrowing. What exactly will happen is impossible to predict because we don,t know what government will do......Basically what I do know is currency is being devalued paper money is worth less and less by the day. This is why asset prices are so high.... why have any cash currently. So at some point they will have to raise interest rates but this will devalue all the assets that have risen over the last 10 years or so.... In my opinion the Virus just pushed us closer to the reckoning faster.
  9. Trudeau ....I believe gets a full pension and now he can make the big bucks...If he pays off the right people they will hire him. Its all legal....
  10. Sadly he is the one that made the hole......and has this special immunity to prosecution
  11. Trudeau is a snake why would he circumvent Canadian minimum wage law by paying WE charity workers under the minimum wage....People who are paid are not volunteers. It just shows you his character. Then he hires Michael Sabia ex ceo of Caisse de depot for Canada's economic recovery plan guess who Caisse owns Mcap who received a sole source contract to administer 1 billion on rents......Caisse also has close ties with Bombardier and SNC......I believe the only reason Trudeau mentions Carney for consulting purposes only!!!!!!! is because he is trusted.
  12. Trudeau is a compulsive Liar.....so I,m not sure what he knows or doesn't about masks......Tam should have been fired for making to many mistakes...But I believe she had a secret agenda early on during the pandemic to get here friends all back from China before the travel ban was implemented
  13. Watch this video by an expert and tell me we can afford to keep buying stuff from foreigners that don't reciprocate.
  14. Hey I was one of these fools on the left.....They are the enemy......Trump is not the greatest but he is far better then whats available and I applaud him for taking on these scum bags in politics. Trump is just the better choice and hopefully we can get an even better choice.....look how they attacked him for his early travel ban and when he said the Virus was a medical emergency back in January. Maybe if they supported him things might have turned out different.....People are so Conned by the mainstream media and left it is getting scary!!!!
  15. Its nice for Apple to have a rising US$where they sell and a flat Chinese currency where they pay for labour....I,m not blaming Apple...Its the governments fault they set the rules and we even as investors or companies can only play to win....This could never happen with a floating currency. Lets not forget the stock market is big the bond market is bigger and currency markets the biggest....so just follow the money...
  16. Guess what they will blame it on Capitalism.....This isn,t Capitalism....If the Chinese won was,t pegged the deficits with china would never rise as high as they did. Because their currency would go up and products they make would be more expensive. This is an example of gaming the system i referred too.....and this created a lot of other excesses
  17. yes I know you didn't .....I agree india is out.......I,m for trade....But why not set some rules that everyone has to follow to enter a trade agreement.....
  18. We have been lied too.....me even as a home grown economist believed in the lies.....I can see the results of the failed experiment. Some people made a lot of money. many lost their lives and many are addicted to drugs...its all related to the hollowing out of the economy. Most countries have a huge trade deficit with China and Germany for far to long sustained on debt....I don't believe this is how its supposed to work.....Some countries are gaming economics with tricks....I'll call them
  19. We have to start the ball rolling. I get your points this is not about the Chinese people they are hard working and I admire them. This is about the enemy the communist government. Things don,t need to be produced in China.....there are other countries it will take some time......Economically we can't afford to pay others to do our work while we pay people here to sit on their behinds......This is all related to the debt, housing market and China....economically speaking.......its unsustainable.........Government policy put us here. You are right it is a quagmire....we have no choice this is a different type of war.... economic...... and people better start understanding....and quick
  20. I get your concerns I'm not saying do it tomorrow it will take some planning. We need to engage companies in the matter. There will be some pain and hiccups the matter is urgent and we need to ask the experts how this can be done. Yes our economy is coupled and it needs to be decoupled.......Unleash capitalism in the matter...
  21. Lets not even let the Government pick and choose what to ban, they are incapable.....Lets Ban everything..........I don't even want cat or dog food coming from there, Children's toys etc. The evidence is overwhelming. Its absolutely crazy to even deal or make companies here compete with China......Tibet, Hong kong, Muslims in the North......What are we waiting for......
  22. We should impliment a plan ending trade with them completely. Start with the most expensive and sensitive goods and move all the way down to the dollar store stuff. Its time to stop ignoring who they really are( not the Chinese people) the rulers of China. What is Trudeau waiting for...More evidence facts
  23. We should coordinate free trade deals with envirnomental laws etc.....
×
×
  • Create New...